115 ORCHID DR Davenport, FL 33897

Calling all investors! This property is technically a townhome, but it has multi-family qualities. 4 bedroom/3 bathroom properties in this community typically yield the highest return on investment, due to their size. The current owner receives two separate incomes (aka 2 rents each month). The back of the property is a townhome-style, two-story 3 bedroom, 2 bathroom unit. A NEW AC was just installed within the last year. The front unit, often referred to as a studio or lockout, is currently rented by a separate tenant. Some lockout units in this community are not large enough for a kitchenette or to be rented separately, but this one does have a KITCHENETTE and separate FULL BATHROOM. The AC was also recently replaced. The property is professionally-managed, and both tenants have been in the property successfully for over 2 years. The HOA is affordable at $206/month and covers roof replacement, exterior maintenance, and amenities. They replaced the roofs in this community around 2018, and the exteriors were repainted in 2019-2020. Amenities include a swimming pool, kiddie pool, clubhouse, fitness center, tennis courts, basketball courts, and sand volleyball court. This community DOES ALLOW SHORT TERM RENTALS. The location is outstanding, with a Publix shopping plaza at the end of the street. Access to Hwy 192 is less than 4 miles away, and access to Interstate 4 is less than 8 miles away. Disney’s Magic Kingdom front gates are less than 14 miles away, and Animal Kingdom, waterparks, golf courses, etc. are even closer. This makes the property location highly rentable (or livable), as many work and leisure opportunities are close by.